The Latin America, Middle East and Africa Artificial Intelligence of Things (AIoT) Market is expected to witness market growth of 29.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Artificial Intelligence of Things (AIoT) Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.35 billion by 2031. The Argentina market is exhibiting a CAGR of 30.1% during 2024-2031. Additionally, the UAE market is expected to experience a CAGR of 28.1% during 2024-2031.
AIoT powers remote patient monitoring in healthcare by processing data from wearable devices in real-time. This ensures timely detection of health anomalies, such as irregular heart rhythms, enabling preventive care and reducing emergency hospital visits. Beyond retail and healthcare, AIoT’s real-time analytics play a pivotal role in industries like manufacturing, where it detects equipment issues, and transportation, where it optimizes routes and fleet management. By providing actionable insights and enabling proactive decision-making, AIoT is transforming industries and empowering them to respond efficiently to dynamic challenges.
The increasing demand for tailored consumer experiences is prompting enterprises to implement AIoT solutions. By combining AI’s analytical power with IoT’s data-gathering capabilities, companies can deliver tailored and dynamic experiences to their customers. In smart retail, AIoT systems analyze customer behavior and preferences in real-time, enabling personalized product recommendations, dynamic in-store adjustments, and targeted discounts. Predictive customer analytics further enhances this by forecasting customer needs, allowing businesses to proactively meet demands and improve satisfaction, especially in sectors like e-commerce and hospitality.
The healthcare sector in the Middle East and North Africa (MENA) is driving AIoT adoption through its rapid expansion and technological innovation. According to the UAE Ministry of Economy’s report Investing in Healthcare in UAE, the region’s healthcare sector is projected to grow from $144 billion in 2020 to $243 billion by 2023, with Dubai serving as a key contributor. AIoT technologies are transforming healthcare delivery in MENA, enabling applications such as IoT-connected medical devices, real-time patient monitoring, and AI-driven diagnostics. These advancements enhance healthcare efficiency, accessibility, and patient outcomes, making AIoT a cornerstone of the region’s healthcare transformation. Hence, LAMEA is emerging as a significant player in the market, leveraging its diverse sectoral needs to fuel adoption and growth.
The Brazil market dominated the LAMEA Artificial Intelligence of Things (AIoT) Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.35 billion by 2031. The Argentina market is exhibiting a CAGR of 30.1% during 2024-2031. Additionally, the UAE market is expected to experience a CAGR of 28.1% during 2024-2031.
AIoT powers remote patient monitoring in healthcare by processing data from wearable devices in real-time. This ensures timely detection of health anomalies, such as irregular heart rhythms, enabling preventive care and reducing emergency hospital visits. Beyond retail and healthcare, AIoT’s real-time analytics play a pivotal role in industries like manufacturing, where it detects equipment issues, and transportation, where it optimizes routes and fleet management. By providing actionable insights and enabling proactive decision-making, AIoT is transforming industries and empowering them to respond efficiently to dynamic challenges.
The increasing demand for tailored consumer experiences is prompting enterprises to implement AIoT solutions. By combining AI’s analytical power with IoT’s data-gathering capabilities, companies can deliver tailored and dynamic experiences to their customers. In smart retail, AIoT systems analyze customer behavior and preferences in real-time, enabling personalized product recommendations, dynamic in-store adjustments, and targeted discounts. Predictive customer analytics further enhances this by forecasting customer needs, allowing businesses to proactively meet demands and improve satisfaction, especially in sectors like e-commerce and hospitality.
The healthcare sector in the Middle East and North Africa (MENA) is driving AIoT adoption through its rapid expansion and technological innovation. According to the UAE Ministry of Economy’s report Investing in Healthcare in UAE, the region’s healthcare sector is projected to grow from $144 billion in 2020 to $243 billion by 2023, with Dubai serving as a key contributor. AIoT technologies are transforming healthcare delivery in MENA, enabling applications such as IoT-connected medical devices, real-time patient monitoring, and AI-driven diagnostics. These advancements enhance healthcare efficiency, accessibility, and patient outcomes, making AIoT a cornerstone of the region’s healthcare transformation. Hence, LAMEA is emerging as a significant player in the market, leveraging its diverse sectoral needs to fuel adoption and growth.
List of Key Companies Profiled
- Google LLC (Alphabet Inc.)
- IBM Corporation
- Oracle Corporation
- Salesforce, Inc.
- SAS Institute Inc.
- Microsoft Corporation
- PTC Inc.
- SAP SE
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- GE Vernova Group
Market Report Segmentation
By Deployment
- Cloud
- On-Premises
By Component
- Hardware
- Software
- Services
By End use
- B2B
- B2G
- B2C
By Application
- Video Surveillance
- Supply Chain Management
- Inventory Management
- Predictive Maintenance
- Other Application
By Vertical
- Manufacturing
- Automotive
- Healthcare
- Retail
- BFSI
- Logistics
- Agriculture & Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Artificial Intelligence of Things (AIoT) Market by Deployment
Chapter 6. LAMEA Artificial Intelligence of Things (AIoT) Market by Component
Chapter 7. LAMEA Artificial Intelligence of Things (AIoT) Market by End use
Chapter 8. LAMEA Artificial Intelligence of Things (AIoT) Market by Application
Chapter 9. LAMEA Artificial Intelligence of Things (AIoT) Market by Vertical
Chapter 10. LAMEA Artificial Intelligence of Things (AIoT) Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Google LLC (Alphabet Inc.)
- IBM Corporation
- Oracle Corporation
- Salesforce, Inc.
- SAS Institute Inc.
- Microsoft Corporation
- PTC Inc.
- SAP SE
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- GE Vernova Group
Methodology
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